IndiGo IDFC FIRST Dual Credit Cards Launched

For regular followers of credit card developments on social media, the launch of the new IndiGo IDFC FIRST Credit Card may not come as a surprise, as rumours about this collaboration have been circulating for quite some time. However, for those unaware, IDFC FIRST Bank has officially launched a unique dual credit card in association with IndiGo.

What’s a Dual Credit Card?

What sets this offering apart is that approved applicants will receive both Mastercard and RuPay variants of the card. This dual structure provides the best of both worlds, global privileges and offers via Mastercard, along with the convenience of UPI and domestic acceptance through the RuPay variant.

This dual credit card is available either by paying a joining fee of ₹4,999 or by making a minimum fixed deposit of ₹1 lakh with the bank. This card marks IndiGo’s second major co-branded credit card launch in recent days, following its earlier release with Kotak Mahindra Bank.

Another popular dual credit card offering is the ICICI MakeMyTrip Credit Card.

All About IndiGo IDFC FIRST Credit Card

Let’s start with the application process. There are two options to get this card. One option is to pay the joining fee, and the other is to get a Fixed Deposit made and avail it as first year free.

Having to open a fixed deposit, especially of such a high amount, and still pay annual charges from the second year doesn’t make much sense. Moreover, the welcome benefits with the fixed deposit variant are also tied to a spending requirement.

Even before going into the reward rate of the IndiGo IDFC Co-Branded Credit Card, it’s important to mention that IndiGo BluChips do not have a fixed value; their worth is dynamic and can vary.

• Earn up to 22 BluChips per ₹100 on the IndiGo website/app, 6 from the card + up to 16 from IndiGo (based on your tier).
• 3 BluChips/₹100 on dining, entertainment & general spends.
• 0.5 BluChips/₹100 on UPI, rent, utilities, fuel & wallet loads.
• Earn up to 25,000 BluChips annually, get five vouchers of 5,000 BluChips each on spending ₹2 Lakh, ₹5 Lakh, ₹8 Lakh, ₹10 Lakh, and ₹12 Lakh in a year.

Apart from the benefits mentioned above, it’s also worth noting that this dual credit card offers a reduced forex markup fee of 1.49% and includes valuable trip cancellation cover for flight and hotel bookings. This vital safeguard can be very handy during emergencies and unforeseeable circumstances.

A detailed review of the card shall soon follow. 

Bottom Line

From launching rewarding partnerships with Swiggy and EazyDiner to introducing new co-branded credit cards with Kotak Mahindra Bank and now IDFC FIRST Bank, IndiGo, India’s largest airline, is rapidly making its presence felt in the credit card ecosystem. While consumers are still warming up to the airline’s newly introduced BluChip program, IndiGo continues to unveil new features and partnerships at a surprising fast pace.

For a co-branded airline credit card, it is quite surprising that both IDFC and IndiGo have forgotten to include one of India’s premier credit card benefits, airport lounge access. At first glance, the card certainly doesn’t live up to the hype; however, a detailed analysis will provide a clearer picture and help form a better review. Other IDFC offerings, such as the Mayura Credit Card, offer far more at a similar price range.

These smart and strategic launches have left a noticeable void for Air India. Since the merger with Vistara and the subsequent discontinuation of all previously issued co-branded credit cards, Air India has yet to introduce any new offerings in this space. With IndiGo clearly doubling down on credit card collaborations, many industry watchers are beginning to speculate: Are new Air India credit cards finally on the horizon?